Juan Edgar

Edgar is an enterprising man because due to his age and the lack of employment opportunities he started his own business that has now been in operation for 10 years and is well established in the marketplace. His economic activity is roasting peanuts that he buys from people who gather up the harvest leftovers. He’s married and has two children that he provides unconditional support as a father. His wife and daughter have another business selling clothes in Managua which is an additional source of income.

He currently urgently needs to buy raw materials that’s becoming available around this time to store it and remain stable and continue to supply the market he visits weekly. Because of this, he’s seen fit to visit Ceprodel to request financing to buy 30 quintals of peanuts that will increase and stabilize his production because he sell it packaged in small bags with added flavors. In this way he will improve his living conditions and his standard of living.

Additional Information

About CEPRODEL

This loan is administered by Centro de Promocion del Desarrollo Local (CEPRODEL), one of Kiva’s larger partners in Central America. Founded in 1991 and based in Managua, Nicaragua, CEPRODEL specializes in the development and funding of housing cooperatives for traditionally marginalized communities, the provision of microfinance services to small businesses, and the promotion of innovative renewable energy projects. In addition, unlike many microfinance institutions in the area that have chosen to avoid the rural areas of the country due to the increased financial risk, CEPRODEL provides financial services to numerous clients in the agriculture and livestock industry. Supporting a borrower through CEPRODEL means contributing to the promotion and sustainability of this important work in Nicaragua.